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The Production Function

Question 5

Multiple Choice

The production function The production function Exhibits: A) increasing returns to scale and diminishing marginal products for both k and l. B) increasing returns to scale and diminishing marginal product for l only. C) increasing returns to scale but no diminishing marginal productivities. D) decreasing returns to scale.
Exhibits:


A) increasing returns to scale and diminishing marginal products for both k and l.
B) increasing returns to scale and diminishing marginal product for l only.
C) increasing returns to scale but no diminishing marginal productivities.
D) decreasing returns to scale.

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